Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg Customer SupportCustomer Support
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Products and Account Information

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and Order Management
    • Content and Data
    • Financial Data Management
    • Integration and Distribution
    • Bloomberg Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Company

    • About
    • Careers
    • Diversity and Inclusion
    • Tech At Bloomberg
    • Philanthropy
    • Sustainability
    • Bloomberg London
    • Bloomberg Beta
    • Gender-Equality Index

    Communications

    • Press Announcements
    • Press Contacts

    Follow

    • Facebook
    • Twitter
    • LinkedIn
    • Instagram
  • Products

    • Bloomberg Terminal
    • Execution and
      Order Management
    • Content and Data
    • Financial Data
      Management
    • Integration and
      Distribution
    • Bloomberg
      Tradebook

    Industry Products

    • Bloomberg Law
    • Bloomberg Tax
    • Bloomberg Government
    • Bloomberg Environment
    • BloombergNEF
  • Media

    • Bloomberg Markets
    • Bloomberg
      Technology
    • Bloomberg Pursuits
    • Bloomberg Politics
    • Bloomberg Opinion
    • Bloomberg
      Businessweek
    • Bloomberg Live Conferences
    • Bloomberg Apps
    • Bloomberg Radio
    • Bloomberg Television
    • News Bureaus

    Media Services

    • Bloomberg Media Distribution
    • Advertising
  • Bloomberg

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

    For Customers

    • Bloomberg Anywhere Remote Login
    • Software Updates
    • Manage Contracts and Orders

    Support

    Americas+1 212 318 2000

    EMEA+44 20 7330 7500

    Asia Pacific+65 6212 1000

Bloomberg UK

Switch Editions
  • UK
  • Europe
  • US
  • Asia
  • Middle East
  • Africa
  • 日本
Sign In Subscribe
  • Bloomberg TV+

    Bloomberg Crypto

    Bloomberg Crypto

    “Bloomberg Crypto” covers the people, transactions, and technology shaping the world of decentralized finance. Powered by Bloomberg's global access and data, this program is your weekly source for the latest news, analysis and interviews with the most influential stakeholders -- from investors to policymakers. Navigate the future of investing with Matt Miller and Kailey Leinz every Tuesday at 1pm ET.

    Bloomberg Radio

    Balance of Power

    Balance of Power

    Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration.

    Listen

    Quicktake

    Storylines: Heroin's Hidden Ingredient

    Storylines: Heroin's Hidden Ingredient

    A $324 jug of acetic anhydride made in Mexico by an American company was enough to produce 90,000 hits of high-grade heroin. The drug cartels can't get enough of it.

    Also streaming on your TV:

    • Markets
      Markets
      • Economics
      • Deals
      • Odd Lots
      • The FIX | Fixed Income
      • ETFs
      • FX
      • Factor Investing
      • Alternative Investing
      • Economic Calendar
      • Markets Magazine
      Key Speakers At Aspen Ideas: Climate Conference

      Politics

      Murphy Signs N.J. Gun-Safety Bills Amid Looser US Firearms Rights

      Ocado Group Plc Stock Takes On More Rocket Fuel With M&S Joint Venture

      Future of British Business

      M&S Investors Revolt Over Pay for Outgoing CEO Steve Rowe

      Market Data

      • Stocks
      • Commodities
      • Rates & Bonds
      • Currencies
      • Futures
      • Sectors

      Follow Bloomberg Markets

      View More Markets
    • Technology
      Technology
      • Work Shifting
      • Code Wars
      • Checkout
      • Prognosis
      Semiconductor Equipment Production At ASML Holding NV

      Technology

      US Wants Dutch Supplier to Stop Selling Chipmaking Gear to China

      European Union President Charles Michel Meets Ukraine's Prime Minister Denys Shmyhal

      Technology

      EU Set to Ease IPO Rules to Lure $47 Billion Deep Tech Funding

      Deutsche Telekom AG Store And Offices Ahead of Earnings

      Deals

      KKR-Backed Group Leads Bidding for $20 Billion Deutsche Telekom Arm

      Follow Bloomberg Technology

      View More Technology
    • Politics
      Politics
      • US
      • UK
      • Americas
      • Europe
      • Asia
      • Middle East
      Looming Fuel VAT In Kenya To Hit Consumers Hardest

      Politics

      Drivers Wait Eight Hours to Refill in Ethiopia Amid Fuel Crisis

      Economics Professor Susan Athey

      Politics

      Former Microsoft Economist Joins DOJ Antitrust Team as Tech Probes Surge

      Featured

      • Hong Kong's 25 Years Under China
      • Next China

      Follow Bloomberg Politics

      View More Politics
    • Wealth
      Wealth
      • Investing
      • Living
      • Opinion & Advice
      • Savings & Retirement
      • Taxes
      • Reinvention
      RF markets

      Investing

      Why Now May Be the Wrong Time to Write Off the 60/40 Portfolio

      Senior businessman typing on a laptop  RF

      Savings & Retirement

      Survival Tips for Retiring When Stocks Sink and Inflation Is High

      Featured

      • How to Invest

      Follow Bloomberg Wealth

      View More Wealth
    • Pursuits
      Pursuits
      • Travel
      • Autos
      • Homes
      • Living
      • Culture
      • Style
      Van Aert Wins Tour Stage 4 in Style And Extends Overall Lead

      Pursuits

      Van Aert Wins Tour Stage 4 in Style And Extends Overall Lead

      Review: 'Bull Durham' Fans, Rejoice At 'Church of Baseball'

      Pursuits

      Review: 'Bull Durham' Fans, Rejoice At 'Church of Baseball'

      Featured

      • Screentime
      • New York Property Prices
      • Where to Go in 2022

      Follow Bloomberg Pursuits

      View More Pursuits
    • Opinion
      Opinion
      • Business
      • Finance
      • Economics
      • Markets
      • Politics & Policy
      • Technology & Ideas
      • Editorials
      • Letters
      Internet Hacking Photo Illustrations

      Tim Culpan

      One Billion Chinese Files Were Likely Leaked by Sloppiness, Not Hacking

      Final Day of NATO Summit

      The Editors

      NATO Is Sending the Right Message to Putin

      Ai-Da Robot Demonstrates Her New Painting Ability

      Tyler Cowen

      Maybe AI Isn’t as Scary as We Thought

      Follow Bloomberg Opinion

      View More Opinion
    • Businessweek
      Businessweek
      • The Bloomberg 50
      • Best B-Schools
      • Small Business Survival Guide
      • 50 Companies to Watch
      • Good Business
      • Subscribe to the Magazine
      Google Is Going to Let Politicians Spam Your Inbox

      Remarks

      Google Is Going to Let Politicians Spam Your Inbox

      The Lottery Lawyer Won Their Trust, Then Lost Their Mega Millions

      The Heist Issue

      The Lottery Lawyer Won Their Trust, Then Lost Their Mega Millions

      Gangs Are Fake-Killing People in India for Insurance Payouts

      The Heist Issue

      Gangs Are Fake-Killing People in India for Insurance Payouts

      Follow Bloomberg Businessweek

      View More Businessweek
    • Equality
      Equality
      • Corporate Leadership
      • Capital
      • Society
      • Solutions
      Lizelle Herrera protest

      Equality

      In a Post-Roe World, More Miscarriage and Stillbirth Prosecutions Await Women 

      Demonstrators As Supreme Court Overturns Roe v. Wade Abortion-Rights Ruling

      Equality

      No Paper Trail: How Companies Are Delivering Abortion-Related Benefits

      RUSSIA-US-DIPLOMACY-BASKET-COURT

      Equality

      WNBA Star Griner Pleads With Biden to Get Her Out of Russia

      Follow Bloomberg Equality

      View More Equality
    • Green
      Green
      • New Energy
      • ESG Investing
      • Weather & Science
      • Electric Vehicles
      • Climate Politics
      • Greener Living
      • Cleaner Tech
      California Wildfire Forces Revelers to Shelter in PG&E Power Station

      Climate Changed

      California Wildfire Forces Revelers to Shelter in PG&E Power Station

      white rhino GETTY sub

      Green

      White Rhinos Return to Mozambique Park After More Than 40 Years

      Featured

      • Data Dash
      • Hyperdrive

      Follow Bloomberg Green

      View More Green
    • CityLab
      CityLab
      • Design
      • Culture
      • Transportation
      • Economy
      • Environment
      • Housing
      • Justice
      • Government
      • Technology
      HUD Secretary Marcia Fudge (second from left) tours an affordable apartment complex in Alexandria, Virginia, in August 2021. 

      Housing

      Does the White House Need a ‘Zoning Czar’?

      Inside Seletar Airport

      CityLab

      Singapore’s Tiny Second Airport Eyes Future as a Flying Taxi Hub

      Amazon's Micromobility hub launch

      CityLab

      Amazon to Swap Vans for Walking and e-Cargo Bikes in London

      Follow Bloomberg CityLab

      View More CityLab
    • Crypto
      Crypto
      • Decentralized Finance
      • NFTs
      • Regulation
      • Technology
      Key Speakers At The Bitcoin Conference

      Crypto

      Crypto Mining Giant Dumped Most of Its Bitcoin Holdings in June

      Crypto Lender Vauld in Talks to be Bought After Withdrawals Halt

      Crypto

      Crypto Lender Vauld in Talks to be Bought After Withdrawals Halt

      Cryptocurrencies in the Czech Capital as Traders Assess Stablecoin Fallout

      Crypto

      BOE Says Crypto Needs Tougher Rules After $2 Trillion Drop

      Follow Bloomberg Crypto

      View More Crypto

Live on Bloomberg TV

CC-Transcript

  • 00:00I want to talk about NATO but before that you are a native Texan and we have had this horrific tragedy in your state in that public elementary school. You served in the Senate during some of these horrific incidents in the past. I wonder what your thoughts are. My thoughts are just this has got to stop. Words just I can't think of words that would really describe how sad and awful this is killing children in school. It's beyond anything that you could say that would be enough. And so I hope that our politicians are listening to this at the state level at the federal level of the people of this country. The spirit of America cannot allow this kind of carnage in our country to continue. It's not one time. It's it's in a grocery store in Buffalo. It's in a school in Texas. We've got to do something that shows our population that we are going to bring back what made America great and that is to address these issues. This cannot be this cannot be accepted. Indeed. OK. Thank you so much for those words. I really appreciate. Let's go back now to NATO. You were ambassador from the United States to NATO. We have Sweden and Finland coming in now to NATO it appears. We're not sure exactly how soon they'll have it. But you have a piece out actually that suggests it goes beyond just the question of what's going on in Ukraine. There are larger strategic issues here that will be implicated by their addition to NATO. Absolutely it is much bigger because it is a solid unification now of Europe and their attention to defense. It also brings and the high north which is an area that both China and Russia have begun to come into. For purposes submarines ships that they're exploring. And China of course has a belt and road initiative in Europe. And they are now saying outright they have an Arctic belt and road initiative looking for ports in Greenland and and more to do with Iceland. So I think we need to look at the strategic message of this unification in Europe and the solid solidity of Europe in dealing with the Russian aggression on Ukraine but also as a message to China. You have just had a wonderful interview about the Chinese importance. And obviously the secretary of state is now talking about that. We need a message to President Xi that we have a solid Europe. We have a solid natto with North America and the trans-Atlantic bond. And Denmark and Sweden are a value added to this very strong NATO response. And that should be be looked at very carefully by any aggressor whether it's China whether it's North Korea any Iran. I mean we are solidifying our defense capabilities. And that's what this means. I suspect that was not Vladimir Putin's first objective when he started this war in Ukraine. Turning back to that war in Ukraine right now. Give us your thoughts on where it stands. And particularly there's a lot more focus right now on the naval aspects of it in the Black Sea and that so-called blockade of the port of Odessa which is making it possible to grain out of Ukraine to the rest of the world. You know that's what I think Putin is now sort of reducing his goals so that he will have what he will be able to public size as a when and then is to look at the West which is the Donbas and then the south where he has always wanted to have more control in the Black Sea. And that's what I think you're seeing. And I think the weapons that that we and our NATO allies are putting in now are focusing on the anti ship missiles to go into the Black Sea and to try also to get some kind of corridor that allows grain to get out. Because we're going to have a global effect on hunger if we don't do that. Ukraine is a huge agricultural producer for for the world and we need to have that corridor. And I think that those are the next steps that we're going to see in this Russian invasion of Ukraine is to keep that corridor in the Black Sea so that we can have the train going in and out and particularly agricultural trade. Everyone is eager for that. Everyone around the world. We heard about it from Davos repeatedly this week earlier this week at the same time. Are there risks at the same time. Because now Peterson started say well there should be a cease fire called. Are there risks in that for Ukraine actually to call a fire too early. Well we need to make sure that there can be a safe package. I think what is being talked about now is assuring that there could be convoys that would protect commercial in and out operations from Odessa and other ports in the Ukraine. I mean we'd all love to see a cease fire but that doesn't look like it's in the cards right now because Ukraine is still trying to get enough capability to not only have the defense which they've shown such spirit to be able to repel the Russians but also offense to drive them back out from where they came. And I think that that is going to be the south and the the Donbas region that is going to have to be that focus and a ceasefire before they have the ability to retake their rightful sovereign borders. I think is is something they have to decide. I don't think we ought to be telling them what to do or how to operate. We are giving them the aid so they can defend themselves. And I I've heard people say well we need to encourage them to go to the negotiating table. We need to support them through strength. So what they have something that they want and they fought for and died for already. And I think we should be letting them make these decisions.
  • NOW PLAYING

    Hutchison on the Tragedy in Texas, Finland and Sweden NATO Applications

  • 45:06

    Bloomberg Markets (07/05/2022)

  • 02:13:01

    'Bloomberg Surveillance Simulcast' Full Show 7/05/2022

  • 44:39

    'Bloomberg The Open' Full Show (07/05/2022)

  • 04:03

    Ritholtz: Data Doesn't Support US Recession

  • 02:36

    Recession Is Inevitable, Not Imminent: Brean's Ryding

  • 01:26:37

    'Bloomberg Surveillance: Early Edition' Full (07/05/22)

  • 03:18

    Euro Could Break Below Parity With Dollar: Nomura’s Rochester

  • 01:05

    Kriti's Market Movers

  • 01:22

    BOE's Bailey Says Global Economic Outlook Has Deteriorated Markedly

  • 02:05

    Oil to Remain Above $80 Even With a Recession: Analyst

  • 00:52

    Rome's Tiber River Shows Impact of Italy's Drought

  • 12:35

    First Look With Surveillance: Ukraine Funding, Euro Falls

  • 02:20

    The World Needs More Gas But There Isn't Enough

  • 47:09

    'Bloomberg Daybreak: Europe' Full Show (07/05/2022)

  • 03:24

    Have Yields Peaked? `That's Laughable': 3-Minute MLIV

Stream Schedule:

U.S. BTV+
  • U.S. BTV+
  • U.S. BTV
  • Europe BTV
  • Asia BTV
  • Australia BTV
  • U.S. Live Event
  • EMEA Live Event
  • Asia Live Event
  • Politics Live Event
No schedule data available.

Hutchison on the Tragedy in Texas, Finland and Sweden NATO Applications

  • Bloomberg Markets

  • Balance of Power

May 26th, 2022, 8:25 PM GMT+0000

Former US Senator Kay Bailey Hutchison, a former US Ambassador to NATO, discusses the killing of schoolchildren in Texas this week, and plans by Sweden and Finland to join NATO. She speaks on "Balance of Power" with David Westin. (Source: Bloomberg)


  • More From Bloomberg Markets

    • 45:06

      Bloomberg Markets (07/05/2022)

      10 minutes ago
    • 03:10

      South Korea, Philippines, Thailand Report Surging Inflation

      13 hours ago
    • 06:51

      Market Economics Koukoulas on RBA Decision

      13 hours ago
    • 05:14

      UBS Sees Lower Copper Prices in 2023

      13 hours ago
    All episodes and clips
  • More From Balance of Power

    • 44:25

      Balance of Power Full Show (07/01/2022)

    • 46:26

      Balance of Power Full Show (06/30/2022)

    • 06:29

      Evercore's Hyman Sees 'Progress' on Fed's Inflation Fight

    • 08:06

      Sen. Toomey on EPA Decision, Inflation and Trump

    All episodes and clips
    See all shows
    Terms of Service Trademarks Privacy Policy ©2022 Bloomberg L.P. All Rights Reserved
    Careers Made in NYC Advertise Ad Choices Help